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Equity Method Investments (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of equity method investments |
| Nine months ended September 30,
(in thousands of $) | 2024 | 2023
Share of net losses of Avenir LNG Limited (“Avenir”) | (3,523) |  | (3,969) |
Share of net income of CoolCo | — |  | 1,491 |
Share of net income of other equity method investments | 754 |  | 376 |
(Loss)/gain on disposal (1) | (518) |  | 823 |
Net losses from equity method investments | (3,287) |  | (1,279) |
The carrying values of our equity method investments as of September 30, 2024 and December 31, 2023 are as follows:
(in thousands of $) | September 30, 2024 | December 31, 2023
Avenir | 32,994 |  | 35,729 |
Logística e Distribuição de Gás S.A. (“LOGAS”) | 8,027 |  | 9,261 |
Egyptian Company for Gas Services S.A.E (“ECGS”) | 5,634 |  | 5,237 |
Aqualung Carbon Capture AS (“Aqualung”) | 2,083 |  | 2,244 |
MGAS Comercializadora de Gás Natural Ltda. (“MGAS”) (2) | — |  | 1,511 |
Equity method investments | 48,738 |  | 53,982 |
(1) In March 2023, we sold 4.5 million of our CoolCo shares at NOK 130/$12.60 per share for net consideration of $56.1 million, inclusive of $0.1 million fees. As of September 30, 2024, following the sale of our CoolCo shares, we retain one common share in CoolCo which is required by debt covenants relating to the guarantees we continue to provide CoolCo. The gain on disposal of $0.8 million is included in the unaudited consolidated statement of operations line-item “Net losses from equity method investments.” (2) In May 2024, Macaw Energies Brasil Serviços de Gás Natural Ltda, our wholly owned subsidiary, completed the disposal of its 51% equity interest in MGAS for a consideration of $0.8 million (BRL4.25 million). This resulted in a loss on disposal of $0.5 million which is included in the unaudited consolidated statement of operations line-item “Net income/(losses) from equity method investments.”

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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